Veidekke ASA (OSL:VEI) Price-to-Tangible-Book : 19.11 (As of Jun. 09, 2024)

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What is Veidekke ASA Price-to-Tangible-Book?

As of today (2024-06-09), Veidekke ASA's share price is kr113.60. Veidekke ASA's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was kr5.94. Hence, Veidekke ASA's Price to Tangible Book Ratio of today is 19.11.

The historical rank and industry rank for Veidekke ASA's Price-to-Tangible-Book or its related term are showing as below:

OSL:VEI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.31 Med: 8.39 Max: 59.51
Current: 19.12

During the past 13 years, Veidekke ASA's highest Price to Tangible Book Ratio was 59.51. The lowest was 4.31. And the median was 8.39.

OSL:VEI's Price-to-Tangible-Book is ranked worse than
96.61% of 1504 companies
in the Construction industry
Industry Median: 1.32 vs OSL:VEI: 19.12

A closely related ratio is called PB Ratio. As of today, Veidekke ASA's share price is kr113.60. Veidekke ASA's Book Value per Sharefor the quarter that ended in Mar. 2024 was kr22.90. Hence, Veidekke ASA's P/B Ratio of today is 4.96.

Veidekke ASA Price-to-Tangible-Book Historical Data

The historical data trend for Veidekke ASA's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Veidekke ASA Price-to-Tangible-Book Chart

Veidekke ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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8.39

16.67

19.05

15.94

18.05

Veidekke ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															24.32	-	59.08	18.05	19.86

Competitive Comparison of Veidekke ASA's Price-to-Tangible-Book

For the Engineering & Construction subindustry, Veidekke ASA's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Veidekke ASA's Price-to-Tangible-Book Distribution in the Construction Industry

For the Construction industry and Industrials sector, Veidekke ASA's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Veidekke ASA's Price-to-Tangible-Book falls into.

Veidekke ASA Price-to-Tangible-Book Calculation

Veidekke ASA's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	113.60	/	5.943
	=	19.11

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Veidekke ASA Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Veidekke ASA's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Veidekke ASA (OSL:VEI) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

VEIO:Sweden 0GF6:UK VK4:Germany

Address

Skabos vei 4, Oslo, NOR, 0278

Website

https://www.veidekke.com

Veidekke ASA is engaged in construction and property development. It constructs building and residential projects, enters civil engineering contracts, and undertakes various infrastructure developments. The company has six operating segments; Construction Norway includes apartment complexes and non-residential buildings, Infrastructure Norway includes road maintenance, railways, power production, and airport, Construction Sweden includes construction projects, including residential units, offices, schools, and cultural buildings, Infrastructure Sweden includes infrastructure, extractive industries, heavy industry, energy, and recycling facilities/landfill, Denmark includes commercial buildings, and Other comprises undistributed costs.